Saved GM? Really? GM is losing $49,000 on each Volt it builds »
by Bernie Woodall and Paul Lienert and Ben Klayman (Reuters)
Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.
Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some …
Unemployment 8.1% as More Give Up Looking for Work »
The nation’s most recent jobs report disappointed again with an anemic 96,000 new jobs added in August. Just to keep up with population growth, the economy would need to add more than 130,000 jobs per month. The report estimates an 8.1 unemployment rate for August. “This is definitely a setback for the labor market and the economy,” said Michael Feroli, chief U.S. economist at JP Morgan Chase and a former …
America's Embarassing Energy Debacle »
by George C. Landrith
President Barack Obama has been criticized by both supporters and critics for making and then breaking too many campaign promises. Whether it was closing Guantanamo, ending the wars in Afghanistan and Iraq, allowing five days of public debate before signing legislation, slashing earmarks, or permitting no tax increases on those earning less than $250,000, President Obama has fallen far short of his promises. But there is …
Obamanomics is not working »
by George Landrith
Barack Obama is nearing the fourth year of his presidency and the economy continues to languish as evidenced by the fact that the unemployment rate “unexpectedly” shot back up and has been above 8 percent for his entire presidency. The truth is there is nothing “unexpected” about our current economic woes. In fact, for those who understand the fundamentals of economics, the current high unemployment rates are …
Are We Better Off? Business Publication Says No »
Economic Conditions: All weekend, Democratic party leaders kept fumbling their answer to a simple question: Are we better off than we were four years ago? There’s a good reason for that: We’re not.
It wasn’t until Monday that the campaign was able to figure out how to answer the question, with Obama’s deputy campaign manager, Stephanie Cutter, saying, “Absolutely.”
Obama’s argument is simple: The economy was headed for a second …
China's Approaching Implosion »
By: Dr. Miklos K. Radvanyi
From its genesis until its overthrow on February 12, 1912, imperial China was driven throughout its history by a permanent tension between the despotic state’s boundless hostility toward society and the violent anti-state sentiments of society. The result of this uncompromising and—at times— merciless antagonism between the omnipotent state and the ruthlessly oppressed society was a political culture in which absolute power alternated between the …
Budget Failures Lead to Economic Woes »
by George Landrith
America’s national debt is dangerously close to $16 trillion. This is a staggering figure. It is impossible to comprehend in concrete terms. But we are rapidly approaching the point of no return, where economic collapse becomes our fate — just like Greece. This is not a new problem. But it has gotten far, far worse as a result of President Barack Obama’s unrestrained spending. He’s thrown hundreds …
Olympic Uniform Hypocrisy »
With nothing better to do than challenge the patriotism of a private company, Congress members on both sides of the isle blasted Ralph Lauren and the US Olympic Committee for not creating uniforms made in the US.
Harry Reid said, “I am so upset. I think the Olympic Committee should be ashamed of themselves. I think they should be embarrassed. I think they should take all the uniforms, put them …
Conservatives Snatching Defeat From the Jaws of Victory »
When I was a kid, there was a very simply rule of conduct, people in polite society did NOT talk about politics, religion, sex, or money in public.
In fact, unless you lived in the proverbial “one horse town,” your neighbors probably wouldn’t have any idea what church you attended.
A man’s vote or support for a candidate was a private matter and people who wore support pins did so …
A conservative’s take on the Ex-Im Bank »
As a rock-ribbed conservative, I support the entrepreneurial dynamism of free markets. I believe entrepreneurs are more likely than government bureaucrats to build successful businesses and provide stable, good-paying jobs. I oppose government interference in the marketplace. I want government to spend less, interfere less, do less, and tax less.
So when a few fellow conservatives criticize plans to reauthorize the Export-Import Bank on grounds that it is just another …